Primerica (PRI) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Primerica in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRI, but not buy additional shares or sell existing shares.
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5 brokerages have issued twelve-month target prices for Primerica's shares. Their PRI share price targets range from $197.00 to $275.00. On average, they predict the company's share price to reach $245.50 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
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Primerica's stock was trading at $205.76 at the beginning of 2024. Since then, PRI shares have increased by 7.7% and is now trading at $221.60.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
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Primerica, Inc. (NYSE:PRI) posted its quarterly earnings data on Monday, May, 6th. The financial services provider reported $3.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.12 by $0.21. The financial services provider earned $742.83 million during the quarter, compared to the consensus estimate of $740.57 million. Primerica had a net margin of 20.37% and a trailing twelve-month return on equity of 27.83%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.49 EPS.

Primerica declared a quarterly dividend on Monday, May 6th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.75 per share on Wednesday, June 12th. This represents a $3.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, May 20th.
Read our dividend analysis for PRI.

Primerica (NYSE:PRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRI will have a dividend payout ratio of 15.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRI.

ETFs with the largest weight of Primerica (NYSE:PRI) stock in their portfolio include Harbor Dividend Growth Leaders ETF (GDIV), Sovereigns Capital Flourish Fund (SOVF), SPDR S&P Insurance ETF (KIE), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Invesco Dorsey Wright Financial Momentum ETF (PFI), Opus Small Cap Value Plus ETF (OSCV), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Invesco S&P MidCap Momentum ETF (XMMO).

Primerica declared that its board has authorized a share repurchase program on Thursday, November 16th 2023, which allows the company to buyback $425,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

413 employees have rated Primerica Chief Executive Officer Glen Williams on Glassdoor.com. Glen Williams has an approval rating of 95% among the company's employees. This puts Glen Williams in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Primerica investors own include Tesla (TSLA), Alibaba Group (BABA), Gilead Sciences (GILD), QUALCOMM (QCOM), Cisco Systems (CSCO), General Electric (GE), Laredo Petroleum (LPI), Pfizer (PFE), Johnson & Johnson (JNJ) and NVIDIA (NVDA).

Primerica's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.63%), Leeward Investments LLC MA (0.29%), WCM Investment Management LLC (0.23%), Swiss National Bank (0.20%), Los Angeles Capital Management LLC (0.17%) and Running Oak Capital LLC (0.14%). Insiders that own company stock include Alison S Rand, Glenn J Williams, Gregory C Pitts, Joel M Babbit, John A Jr Addison, Nicholas Adam Jendusa, P George Benson, Peter W Schneider and Peter W Schneider.
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Shares of PRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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